More developments in the FTX saga, where the former CEO of the now-defunct crypto exchange has come under fire for conducting an interview with the New York Times, which prosecutors have claimed amounts to witness tampering. He has been put under a gag order which prevents him from discussing the case publicly. Let’s find out more. 

Bitcoin

Democratic presidential candidate Robert F. Kennedy Jr. confirmed his recent purchase of a significant amount of Bitcoin earlier this year.

Wednesday’s announcement of the widely expected 25 basis point rise in the interest rate led to a higher move in cryptocurrencies.

A team of Bitcoin developers and enthusiasts have introduced the “Frostsnap” method to provide multisig wallets with a range of new capabilities.

DeFi

The Bank of Italy’s Milano Hub innovation center will support a project spearheaded by Cetif Advisory that aims to develop a security token ecosystem for institutional DeFi. 

DeFi protocol Parrot Finance will begin implementing an activist investor-led plan to phase out the platform’s PRT token, with redemptions set to begin as early as Monday. 

Altcoins

An obscure altcoin called the X token has surged by over 1000% following Elon Musk’s announcement that Twitter is rebranding itself to X.com. 

Technology

Bridge Protocol LayerZero has revealed that it has achieved a significant landmark

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Author: Amara Khatri

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